Navigation Links
Court Authorizes Haemacure to Sell its Assets and Grants a Second Extension to Make a Proposal to its Creditors
Date:3/22/2010

TSX:HAE

MONTREAL, March 22 /PRNewswire/ - Haemacure Corporation (TSX:HAE) announces that it has obtained authorization from the Superior Court of the Province of Québec to sell its assets to Angiotech Pharmaceuticals, Inc., a secured creditor of Haemacure. The United States Bankruptcy Court previously authorized the sale to Angiotech of the assets of Haemacure's U.S. subsidiary.

The sale of the assets was concluded after a thorough bid-solicitation process carried out on behalf of Haemacure by PricewaterhouseCoopers Inc. in Canada and the United States, in the context of the notice of intention to make a proposal to its creditors filed by Haemacure on January 8, 2010 under the Bankruptcy and Insolvency Act (Canada).

Haemacure also obtained a second extension, until April 19, 2010, within which to make a proposal to its creditors. This extension will also allow Haemacure and Angiotech to complete the documentation required for the closing of the asset-sale transactions in Canada and the United States. The closings are expected to be held prior to the new expiry date of April 19, 2010.

SOURCE HAEMACURE CORPORATION

Back to top
'/>"/>
SOURCE HAEMACURE CORPORATION
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Democracy on Trial: SEIUs $25 Million Lawsuit Against Union Reformers Goes to Court Monday
2. Court Hearing Thursday on Physicians Challenge to Obamacare: Doctors Argue Against Arbitrary Power and Tyranny
3. Legacy(SM) Case for Tobacco Funds to be Heard by Ohio Supreme Court
4. Court Orders Reinstatement of Vital, Cost-Saving Treatment for Children With Autism
5. Health Groups Ask Supreme Court to Authorize Financial Penalties on Tobacco Companies for Decades of Wrongdoing
6. Prince Court Medical Center in Malaysia to Release First Patients Beyond Borders FOCUS ON:™
7. Connor Sport Court Lays the Ground for NBA All-Star Jam Session Presented by Adidas
8. SnapSports Releases ReActive Court Surfacing For The International Sports Market
9. Statement From IHA President Maryjane A. Wurth on Illinois Supreme Court Medical Liability Ruling
10. Physicians Coalition Asks Federal Court to Block Obama Healthcare: Doctors Claim Bill Would End Practice of Medicine as We Have Known It, Assert Presidents Actions Are Unconstitutional
11. Shamy & Shamy Launches New Web Site Providing Simple Access to Free Online Resources for New Jersey Court System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... ... ... “Emotions are sacred, valid, honored, encouraged. This is the memo we are ... To help change the mindset of parents and educators from punitive to positive in ... Toolkit, which launched on Kickstarter 3 weeks ago and fully funded in less than ...
(Date:8/18/2017)... (PRWEB) , ... August 18, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The ... says will lift the veil on false teachings pertaining to the mother of the Savior ... teach, you see a far different picture of the role of this historical woman. ...
(Date:8/18/2017)... ... August 18, 2017 , ... Inc. magazine has ranked American ... prestigious ranking of the nation's fastest-growing private companies. This marks the eighth time in ... 5000 ranking . This year’s ranking reflects ASH’s 76 percent overall revenue growth from ...
(Date:8/18/2017)... ... August 18, 2017 , ... “Our Mountains to Climb: A Journey of ... that grew stronger together through the faith they shared to overcome struggles in life. ... creation of published author, Barbara J. Corcoran, a retired teacher and happily married since ...
(Date:8/18/2017)... ... , ... “Three Narrow Roads”: a vivid and provocative look into the narrow ... Burnett King Sr., is currently the pastor-teacher-visionary at Simply the WORD Church, a global ... a track-and-field program geared towards youth. , King shares, “When I take time to ...
Breaking Medicine News(10 mins):
(Date:7/27/2017)...  West Pharmaceutical Services, Inc. (NYSE: WST ... 2017 and updated financial guidance for the full-year 2017. ... Reported net sales of $397.6 million, ... Net sales at constant currency (organic) grew by 3.9%. ... compared to $0.60 in the prior-year quarter. Second-quarter 2017 ...
(Date:7/26/2017)... Aesthetics, a leading medical aesthetic clinic in Singapore ... skin conditions from the inside. The natural process of ... skin becomes more transparent due to the thinning of the epidermis. Over ... the sun contributes to aging skin, causing age spots and other ... ...
(Date:7/26/2017)... The Galien Foundation announced today the ... Award Nominees. Counted among the global health innovation ... biomedical and technology product achievement that improves the human condition. ... candidate must be U.S. Food and Drug Administration (FDA) approved ... potential to impact human health. Sales data are not considered ...
Breaking Medicine Technology: